Chronicles of “Black Monday”: How the Market is Surviving the Collapse of the Ruble

Lesson Brief Forbes Russia
Forbes Russia has reported that the Russian ruble hit a 16-year low on Tuesday. This depreciation has not been seen since the Russian economic collapse in 1998. The exchange rate fell to about 54 rubles per dollar and more than 67 rubles per euro. The economic and currency issues in Russia have been brought on by the falling oil prices, lack of confidence in the Russian economy and currency, and Western sanctions.

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